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NCB Promotes Karyn Mann to Senior Vice President of Investor Compliance

 Arlington, VA (March 20, 2012) — NCB, FSB (NCB), a federally chartered savings bank dedicated to serving cooperatives and housing communities nationwide is proud to announce Karyn Mann was promoted to Senior Vice President of Investor Compliance.

“We are extremely pleased to promote Karyn to a Senior Vice President, as she continues to take on a larger role in the Investor Compliance department,” said Kathleen Luzik, NCB’s Chief Operating Officer. “She has been an instrumental part of the NCB family for many years, and in every capacity, has always been keenly aware of how her role impacts the department and Bank as a whole. This is an admirable quality, and an important one, she is a true asset to our team.”

In this capacity, Ms. Mann is responsible for all aspects of the administration of the Investor Compliance and Credit Administration, which includes reviewing all FRB, FHLB, CMSA and Fannie Mae reports. In addition to overseeing the investor reporting functions and consent processing, she also manages the credit analysis, portfolio review and inspection monitoring for the cooperative and commercial real estate servicing portfolios.  Employed at the Bank since 2003, Ms. Mann most recently served as Vice President and Manager of the Real Estate team, specializing in Community Association Lending.  The Community Association line of business provides nationwide financing to cooperatives, condominiums and homeowner associations outside the New York area, to fund capital improvement repairs.

Ms. Mann holds a Bachelor of Science in Business Administration with a concentration in Marketing from University of Illinois, Urbana-Champaign, Illinois.

NCB is dedicated to strengthening communities nationwide through the delivery of banking and financial services, complemented by a special focus on cooperative expansion and economic development. Headquartered in Washington, DC, the Bank has offices in Alaska, California, New York, Ohio and Virginia. To learn more, visit www.ncb.coop.

The NCB Financial Group consists of the Congressionally-chartered National Consumer Cooperative Bank (NCCB) and NCB, FSB, a federally insured savings bank wholly owned by NCCB.  The NCB Financial Group provides financial products and services for the nation's cooperatives, their members, and socially responsible organizations.
 
The NCB Financial Group also works in a strategic alliance with NCB Capital Impact, a non-profit Community Development Financial Institution created under the same act of Congress as NCCB with particular focus on impacting low and moderate income communities. 

NCB is a proud supporter of the 2012 International Year of Cooperatives – a United Nations declaration and global campaign to educate the public about the benefits of cooperatives. “Cooperative enterprises build a better world” is the official slogan of The International Year of Cooperatives, and NCB is doing its part to build awareness of cooperatives in all fields of business.